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Friday, August 02, 2013 9:07:28 AM
in reviewing the work done by the accounting firm.
We need to remember that it was a compilation rather than a review or audit so the third party checking of the management prepared numbers is virtually none. He can say that he has a piece of paper but does not go back to the issuer to ask if it is real.
The report is for a very odd period of time. The company apparently changed its year end without telling the shareholders and issuing comparative restated numbers for the prior period. Further, why end the period in the middle of a month. Why not the end of a quarter? What about the year end numbers? What about interim numbers for this year?
Oops, we can't do any prior period reports as the accounting firm stated that every previous announcement of funding and investment could not be substantiated. In a single statement, the accountant said that everything posted on the BGMO website, reported to OTC markets, spread by Business Wire and to the shareholders was misspoken. Better yet, our own President attested to the accountant's conclusion.
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